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The Looting Of America: The Federal Reserve Made $16 Trillion In Secret Loans To Their Bankster Friends And The Media Is Ignoring The Eye-Popping Corruption That Has Been Uncovered

By Michael Snyder, on July 25th, 2011

A one-time limited GAO audit of the Federal Reserve that was mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act has uncovered some eye-popping corruption at the Fed and the mainstream media is barely even covering it. It turns out that the Federal Reserve made $16.1 trillion in secret loans to their bankster friends during the financial crisis. You can read a copy of the GAO investigation for yourself right here. These loans only went to the “too big to fail” banks and to foreign financial institutions. Not a penny of these loans went to small banks or to ordinary Americans. Not only did the banksters get trillions in nearly interest-free loans, but the Fed actually paid them over 600 million dollars to help run the emergency lending program. The GAO investigation revealed some absolutely stunning conflicts of interest, and yet the mainstream media does not even seem interested. Solid evidence of the looting of America has been put right in front of us, and yet hardly anyone wants to talk about it.

Many Americans have a hard time grasping just how large 16.1 trillion dollars is. It is an amount of money that is almost inconceivable. It is more than the GDP of the United States for an entire year. It is more than the U.S. government has spent over the last four years combined.

The Federal Reserve was just creating gigantic piles of cash out of thin air and throwing them around with wild abandon.

“As a result of this audit, we now know that the Federal Reserve provided more than $16 trillion in total financial assistance to some of the largest financial institutions and corporations in the United States and throughout the world”

So precisely who got this money?

Well, a recent article on Raw Story named some of the big Wall Street banks that got some of this money….

Out of all borrowers, Citigroup received the most financial assistance from the Fed, at $2.5 trillion. Morgan Stanley came in second with $2.04 trillion, followed by Merill Lynch at $1.9 trillion and Bank of America at $1.3 trillion.

But it just wasn’t U.S. banksters that were showered with nearly interest-free loans. It turns out that approximately $3.08 trillion went to foreign financial institutions all over Europe and Asia.

So who in the world gave the Federal Reserve permission to bail out financial institutions all over the world?

Nobody did.

But under our current system the Federal Reserve doesn’t have to get permission. They literally get to do whatever they want.

On his website, Senator Sanders expressed his outrage over these foreign loans….

“No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president”

So should we expect Congress to approve legislation that would reduce the power of the Fed?

Of course not.

We all know that is not going to happen.

The Federal Reserve is run like a dictatorship. They get to do what they want and nobody can stop them.

Not only did the Fed dish out over $16 trillion in secret loans to their friends, but they also paid their bankster friends over 600 million dollars to help them do it.

According to the GAO, the Federal Reserve paid $659.4 million to the very financial institutions which caused the financial crisis to help the Fed manage all of these emergency loans.

Can anyone say “conflict of interest”?

Not only were the banksters raking in trillions in secret loans, they were also paid to help run the lending process.

Wow.

So why isn’t the mainstream media talking about this?

That is a very good question.

But wait, there is more.

It turns out that many Fed officials had very large investments in the financial institutions that were receiving these secret loans.

So what was done about all of the conflict of interest issues that arose?

According to Senator Sanders, “the Fed provided conflict of interest waivers to employees and private contractors so they could keep investments in the same financial institutions and corporations that were given emergency loans.”

Oh, everyone was given waivers.

Apparently corruption is okay if we just get everyone to sign a bunch of forms.

The following is one example of a conflict of interest that occurred during this lending program that Senator Sanders noted on his website….

For example, the CEO of JP Morgan Chase served on the New York Fed’s board of directors at the same time that his bank received more than $390 billion in financial assistance from the Fed. Moreover, JP Morgan Chase served as one of the clearing banks for the Fed’s emergency lending programs.

This is a classic case of the foxes watching the hen house.

It was the banksters that caused the financial crisis. They were the only ones that the Federal Reserve helped. In fact, the Federal Reserve ended up having the banksters basically run the entire emergency lending program as Senator Sanders noted on his site….

The Fed outsourced virtually all of the operations of their emergency lending programs to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. The same firms also received trillions of dollars in Fed loans at near-zero interest rates.

If you were not outraged by that, then you need to read it again.

What the banksters have been getting away with is absolutely mind blowing.

So will changes be made to make sure that something like this never happens again in the future?

Well, the GAO has recommended that significant changes should be made.

But as mentioned above, the only one that gets to tell the Federal Reserve what to do is the Federal Reserve.

The Fed’s general counsel, Scott Alvarez, said in a letter responding to the GAO’s audit that officials will “strongly consider” the recommendations.

Most Americans do not realize that the Federal Reserve is not actually part of the federal government. It is a privately-owned central bank that is not accountable to anyone.

But most Americans still believe that the Fed is a government agency.

The truth is that the Federal Reserve is about as “federal” as Federal Express is.

In another article about the Federal Reserve, I noted that the Federal Reserve has even admitted that it is not an agency of the federal government in court….

In defending itself against a Bloomberg request for information under the Freedom of Information Act, the Federal Reserve objected by declaring that it was “not an agency” of the U.S. government and therefore it was not subject to the Freedom of Information Act.

What this sets up is a never end spiral where the amount of money and the amount of debt are continually increasing.

Most Americans believe that we could solve the government debt problem if we could just control spending.

But that is not the case.

The Federal Reserve system was designed to get the U.S. government into constantly increasing amounts of debt and this is exactly what has happened….

The U.S. government will never fix the national debt problem as long as it participates in the Federal Reserve system.

Founding fathers such as Thomas Jefferson tried to warn us about the danger of central banking.

Jefferson strongly believed that when the federal government borrows money in one generation that must be paid back by future generations it is equivalent to theft….

And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

I wish it were possible to obtain a single amendment to our Constitution. I would be willing to depend on that alone for the reduction of the administration of our government to the genuine principles of its Constitution; I mean an additional article, taking from the federal government the power of borrowing.

Of course we did not listen to Thomas Jefferson, did we?

Now we have gotten ourselves into one fine mess.

If the federal government shut down the Federal Reserve system, started issuing debt-free money and established a new system based on sound financial principles we might have a chance of turning this thing around.

But if we continue on the path that we are currently on, we are going to experience a financial disaster of unprecedented magnitude. We have piled up the biggest mountain of debt in the history of the world, and a day of reckoning is approaching.

Our founding fathers tried to warn us about this, but we thought that we were so much smarter than them.

You ought to point out in the National Debt chart that Nixon removed the last link to an asset backed currency system around 1972, placing us on a faith-based, fiat system since that point.

Jonathan

The mainstream or corporate media only reports on those things that its owners depict as newsworthy. Since they are in the main the very same people who own the Federal Reserve Bank as well as the well known brand name corporations, it is not surprising that they do not want this information to become public knowledge.

Imagine if a majority of US citizens actually began to realize that their government consists of bought politicians who merely carry out the orders of their sponsors. Why there might just be some angry people protesting in front of the Capitol, White House, and Federal Reserve Bank.

Sites such as this have ‘awakened’ a minority of Americans to the realities of our life under these corporate dictators but many more people must become aware of just how dastardly our elected officials and their financial backers have become before We can take back our country.

‘End the Fed’ has been a war cry for some time by the enlightened few. Political reform is another. Until or unless We The People realize that our country has been looted by the shareholders of the Fed in terms of our economic strength, our country’s values as defined by the founding fathers, and our belief in a better future aka ‘the American Dream’, We will continue to be force fed the lies and have to live with the never ending corruption that is par and parcel for a Congress and President whose financial backers buy elections while instructing their candidates to utter false promises while out campaigning and then to recant or deny them once in office.

Why do you think very few honest people run for office? Thanks for the chance to vent and keep up the good work.

Ben Dover

I bet you couldn’t even redeem a silver certificate today. It would probably be confiscated.

C P Wendt

Heh, I tried to spend two silver certificates, a five and a single. The Pakistani clerk said “Not real money” Traded them at the bank. The American teller loved getting them.

In prime condition, they’re worth more than FRNs
$5=$5.80 $1=1.25

http://www.povertylinejournal.blogspot.com/ the optimist

What does FRN mean?

Silver certificates have been worthless for a bunch of years now. Basically, they are only worth the face value.

I’ve been holding onto a stack of silver certificates, hoping that maybe someday they will be redeemable for silver.

http://www.povertylinejournal.blogspot.com/ the optimist

Nevermind. I get it, federal reserve notes.

Jargon! I hate it.

C P Wendt

Still “legal tender”; but, not to redeem.
Silver certificates are actually Treasury Notes
issued by presidents. President Truman issued some. Last was issued by President Kennedy.
Try collectors websites for best values.

The “jargon” is at the top of every Federal Reserve Note.

http://www.povertylinejournal.blogspot.com/ the optimist

I have a particular bias regarding acronyms as I grew up in DC and almost EVERYTHING has an acronym and it’s own insider language. Which all the people inside the various systems seem to believe everyone else should know. : )

ScoutMotto

There may come a day when people will run for office on the idea of shutting down the central bank. I think this was Andrew Jackson’s approach. I’m not sure the people are ready for such courageous people yet. I could see someone announcing their candidacy to pledge to shut down the Fed, and some goon will stand up and ask “Ok, but where do you stand on abortion?” If that ended up being more important to people than fixing our financial mess, I would say to them “enjoy your third world status.”

Why haven’t these new loans been added into the national debt figure of 14.5 trillion?

Dolphin

When you speak of the FED, you must remember that this organization appears to have people fired from their jobs or even killed if they in any way try to mess with their power. Isn’t it amazing that just a few weeks after Glen Beck did his expose of the FED he was out of a job? Even more frightening is the last president to sign an executive order to allow the US government to print its own silver certificate money rather than use the fed ended up dead on the streets of Dallas. His brother ran for president with the same idea and he also died of acute lead poisoning. The FED is dangerous and most politicians know it.

josh

“a few weeks after Glen Beck did his expose of the FED he was out of a job?”

check out GBTV.com

im pretty sure he left fox on his own accord.

“Fox News head Roger Ailes later referenced Beck’s entrepreneurialism and political movement activism, saying, “His [Beck’s] goals were different from our goals … I need people focused on a daily television show.””

DB200

The Kennedy’s had more ideas about taking on the establishment, it would go a bit far to state that a particular idea or interest got them murdered. They probably had plenty of enemies in the US of the 60’s. Recently the BBC had a very interesting documentary about the Kennedy’s. The saddest part is that the majority of the offspring of the two brothers ended up with drug/alcohol addictions, failed relationships etc. etc. And I still don’t understand how the self-created misery in their life could become so big. Maybe because Jesus didn’t play a role in their life. Food for psychologists.

pauly

Is that the imaginary never existed friend to some, or the ones in the Mexico city phone book?

John

This is just more proof that the excuetive branch is just a dictatorship catoring to the elite and there friends…. They have now bribed the world to march forward & form the so called one world government and leave mainstream and the people of this world broke & starving! This is nothing more than financial genocide and don on purpose… just imagine if the federal reserve and the rockerfellers gave 10 trillion to the people of the united states… that would get the economy going but there plans are quite the opposite becauase actions always speak louder than there words and lies… Go obama maybe you can get another Nobel Peace Prize and maybe this time the Queen of England will give it to you for there planned genocide… Obama you are just an agent of the elite… Spook all the way!!

Guido

Now, now, everyone, put down those torches and pitchforks. I’m sure there is a perfectly logical explanation for all of this. No doubt, you’ll realize just how wrong you were to be upset once you hear why we made this seemingly bad decision.

I’m just as shocked as you are. In fact, I’m outraged! I’m outraged that you would believe we were capable of doing something as underhanded and nefarious as this.

I’m outraged that you would call into question my honor. I was acting for the good of the American People and who are you to disagree with them?

They wanted me to make those decisions. They PAID me to make those decisions. And here you come along, trying to cause trouble and thinking you’re smarter than the citizens and the government of this great nation. For shame.

Shame on you! You should at least wait for all the facts to come in before leaping to conclusions with no evidence.

I-I dare say, I’m hurt and offended you would say this about me. I don’t know how I can face my family with these smears and slurs against my good name.

I hope you’re happy. I hope you got what you wanted, kicking a family man down when times are hard and the economy is in the toilet. I hope you’re pleased.

Times get tough and then you decide to hop up on your high horse and ride off to hit a man when he’s down. These are the times when we should be pulling together! You and me and the rest of us all working together to turn this mess around!

But not you, oh no, you’re too good for that. All you care about is you and yours.

Well, that’s why we’re in this mess! Because people like you granted yourselves the mantle of justice and wander around like some holier-than-thou lynch mob.

Good job, Crusader. Good job in wrecking the greatest nation on God’s Green Earth. Good job, I say to you, Sir.

I may not be perfect, but I’m not going to let you stop me from working as hard as I’ve ever worked before to save this nation from misguided people like you. (cue America The Beautiful)

I roll up my sleeves every day and go to work to make this nation a better place. You ought to think about doing the same.

If more of us pitched in, this country could be back on its feet in no time. That’s what this is really about. Men and women from sea to shining sea working together to fix this great nation!

Why not get with the team and come in for the big win? Because when we win, it’s like we all win! What do you say?

-From the desk of Randolph and Mortimer Duke
Dewey, Cheatham, and Howe +associates

Highspeedloafer

That was a great flick.

William

As an American citizen, you should have a copy of the US Constitution. If you have one, read the part that gives the US Congress the responsibility to create money, and to regulate the value of that money. The FED is unconstitutional. So, WHY has the FED existed since 1913. The answer is that the FED is controlled by the criminal international cartel of banksters who continually inflate and deflate and cause unnecessary wars.

J2201987

“So why isn’t the mainstream media talking about this?”

Well, isn’t the msm owned by those same corporations and banksters that got “bailed out” by the (non)Fed?

Thank you for praising Sen Sanders-independent but leaning socialist. He is the only one who makes sense and is a national treasure.

That’s right all tea baggers the socialist senator is the one who has a viable plan to fix this mess.

Take that to your soon to be defunct faux news crap.

Bernie Sanders for President.

Michael

Gary:

I wouldn’t say I was “praising” Senator Sanders. I was just reporting what he said. :)

Michael

Wesley

Ron Paul (the godfather of the Tea Party) is who initiated the Federal Reserve Audit, not Bernie Sanders (Socialist). And he is not the only one, there is a list of 70 congressional members that are all part of the democratic socialist of America, and by the way, it was a socialist that put the Fed in power to begin with.

pauly

Good luck w/ Paul, he is a fake. He believes the official story of 911.

tpdas

Hey, Pauly, you must be the “real” Paul since you added a soft “y” on the end. Listen, if Paul comes out like Jesse Ventura then the msm will then surely have something to distract us from the real root of the problem: Big Government and the Federal Reserve. Maybe you should go and check out who profited from the demolition of the World Trade Center. You probably already know. But Paul has play it smart and uproot the rotten tooth of Government and the Fed with first a little novacain…He’s not dumb enough to go into an arena of outlaws with only two guns. His intention is first to make the people aware and then if he gets eliminated, at least the people know what to do!

xander cross

I got a feeling that this is not going to end well. Get prepared.

Justin Wondering

I’ve been reading the newspapers, listening to the radio news in the car, (No TV, so I don’t have a clue what they’re saying) but nowhere, never has anyone uttered the words Federal Reserve in connection with the “debt ceiling crisis”, not a word. This article is right on, but it goes to show how powerful the Feb and Rothchilds are that mainstream media doesn’t acknowledge the Fed as the root cause of the whole “crisis”. Justin Wondering

mondobeyondo

New twist on an old phrase:

“Vultures of a feather nest together…”

Donald Wilson

The destruction of one of the worlds greatest countries and it took just a mere 100 years. We all best ready for the end. Good luck.

Uncle B

Fort Knox Gold Reserves not acceptable to China! They re-Assay,experts in China find tungsten in the bars, refuse them. Who took the Gold? What did they did with it? Were the bars ever pure? Depleted Uranium also? how really broke is America? Who moved huge amounts of American Capital, American technologies to Asia, to China, to Vietnam, to Singapore? When did this start? Nixon’s rule? Before that? We built Studebaker, Oldsmobile, Desoto, Packard, Hudson, Pontiac, Nash, Mercury – none survived, now Honda, Toyota, Suzuki, Mazda, Subaru, all Asian engineered! WTF? China revives U.S. designed, Thorium fueled, safer, LFTR reactors, they even improve them, will replace American reactors world-wide, especially after the Fuckoshima fiasco. America loses big time all over again! Even has astronauts “hitch hiking’ on former U.S.S.R. supposedly “inferior” rockets, remember what they told us while we were writing the checks?

Guido

The really interesting part is how many of those big companies were aiding our enemies. Throughout the USSR’s history, our big companies were building them manufacturing complexes. Hitler awarded Henry Ford his highest civilian award and kept his photo on his credenza behind his desk for all the great things he did for them. Supposedly, the prison camps organized prisoners using IBM support. And we kept feeding the Soviets for years when their harvests failed.

El Pollo de Oro

“You can sum up what has killed capitalism in four words: too big to fail.” —Gerald Celente

“This is the biggest bank robbery in world history, and the banks are doing the robbing.” —Gerald Celente

“The merger of state and corporate power is called fascism, and fascism has come to America.”—Gerald Celente

“The IMF is the International Mafia Federation. They’re the loansharks of last resort.”—Gerald Celente

“Work harder, work longer, and earn less because the mafia needs your money.” —Gerald Celente

“What are these so-called austerity measures? What do they really bring? Oh, they bring a lot more poverty. Oh, they bring a worse GDP. Oh, they bring more unemployment.” —Gerald Celente

“When the money stops flowing down to Main Street, the blood begins to flow on the streets. And the money is not flowing down.” —Gerald Celente

“This is Off With Their Heads 2.0.”—Gerald Celente

“Bullets, bombs, banks, Harvard, Princeton, Yale.”—Gerald Celente

“This isn’t a country of mommy’s boys, it’s a country of soccer mommy’s boys. We’re prescription-drug-addicted and we’re junk food fat.”—Gerald Celente

“A giant is falling: the American empire.”—Gerald Celente

“You’re going to see crime levels in America that are going to rival that of a Third World country. Welcome Mexico City. You’re going to start seeing people being kidnapped in this country like they do in other underdeveloping nations. It’s going to be very violent in America.”—Gerald Celente

“It’s survival. Start thinking in terms of survival.”—Gerald Celente

pranah

For anyone who hasn’t seen a visual representation of US debt yet, check out the link to get an idea of what 15 trillion dollars look like. Unbelievable!

I remember a radio commercial a few years ago that sang the praises of President Woodrow Wilson and how “he gave us the Federal Reserve.” And this was supposedly a GOOD thing! Hardly anyone realizes the truth about the Fed and that merely tinkering with the tax code a bit won’t solve anything.

By the way, keep in mind this crisis is not an accident. During any financial turmoil, there are winners and there are losers, and the latter don’t even know what’s happening, so all they can do is lose. Naomi Klein, author of “The Shock Doctrine,” wrote about how nations and entire regions are given a financial shakedown. See:

After 20 yrs in banks, 16 in a trust dept, I quit on 12/30/86. Remember that date? The WSJ looked like it was bought out by the National Enquirer in early 1987. Don’t bother telling most of the public anything. Lost cause. Clueless then. Clueless now.

Munich

Excellent point Justin.

$3.08 trillion went to foreign financial institutions all over Europe and Asia, and not ONE mention of this by the reticent and complicit corporate lamestream media. Same with 9/11.

Our country is slowly being destroyed by a group of nefarious individuals, who could care less about what they’re doing to our country, world or to humanity.

Kevin

Gary2

Actually the far left and far right agree on the Federal Reserve and the Free Trade Agreements.

Ask Jessy Jackson and Pat Bucanion (oops spelling) agree about NAFTA and The fed and to. Kerry and Hatch are much more in agreement regarding their support for both Free Trade and The Federal Reserve.

The sad fact is for the most part you have no choice.

A Dodgy Bloke

Please don’t tell me anybody is really shocked. We have long passed the fail-safe point socially economically, politically when this could be brought back. Rot, arrogance, decadence, stupity, greed, and delusion, has taken root in to many places here and around the world. This is not going to end well or pretty.

This is off topic but right now I’m reading Bloodlands Europe Between Hitler and Stalin, by Timothy D. Snyder. If you know anything about Stalin’s Purges this goes into much more horrifying detail. Hitler and Stalin killed tens of millions to create their own version of Utopia. They, shot, gassed, and starved Poles, Ukrainians, Belarussians, Jews and Stalin, Russians.
We live in a time when people think these type of things can never happen, I’m not so sure.
Best to approch what’s comming with open eyes, and an open mind.

Gary2

I have to admit-I used to think that all those abolish the fed were nuts, but I am changing my mind on this in part to the good arguments from the posters on this site. I was wrong thinking they were goofy and they were right. I was the goofy one.

Michael

Glad to see you are on board Gary :)

Michael

J.D.

“There may come a day when people will run for office on the idea of shutting down the central bank. I think this was Andrew Jackson’s approach. I’m not sure the people are ready for such courageous people yet. I could see someone announcing their candidacy to pledge to shut down the Fed, and some goon will stand up and ask “Ok, but where do you stand on abortion?””

Shhhh, don’t tell anyone, but that guy exists and he ran for President in 2008 with one of his slogans being “END THE FED”. I won’t divulge his name here, but he’s running for President again this time. I can understand many not hearing about him since the mainstream media are either members of the Council on Foreign Relations or affiliated with it and don’t like to mention that man’s name no matter how many straw polls he wins.

Bob Marshall

The one congressman the Fed is afraid of is Ron Paul. He has been pushing for this audit for years. The Federal reserve is the scared cow of the international banking cartel and they will hold on as hard as they can. They know without it they lose their control over us.

Michael

I think we should tax the rich more, and give their tax dollars to me! Bwahahahahahahaha

mondobeyondo

Meanwhile back at the ranch… the mainstream media is captivated by the demise of Amy Winehouse, and the continuing saga of Jaycee Dugard…

While Amy’s death (the newest inductee of the “27 Club”) is indeed sad and tragic, the impending default of the U.S. is also sad and tragic. However, Amy’s passing will have little effect on your personal life, apart from maybe playing “Rehab” on your MP3 player. The impending default would have an impact on every single American. You’re going to pay more for every loan you make. Car loans, mortgages, student loans, and so on and so forth.

“When the power of love overcomes the love of power, there will be peace.” –Jimi Hendrix

tpdas

How about understanding politics and religion side by side? Does anybody out there think that chanting “Hare Krishna Hare Krishna Krishna Krishna,
Hare Rama Hare Rama Rama Rama” might solve the religion problem and
that ending the Fed’s stranglehold on the government might just be the solution to the political problem (other than a few like Ron Paul). A society that purports individualism on one hand and allows socialistic corporatism on the other is quite confused. End the Fed means direct the road away from socialism and “collectivism” (communism in disguise).

mondobeyondo

A few hours ago I watched Ringling Brothers – Barnum and Bailey’s latest presentation on TV. (aka President Obama and John Boehner).

Wow, that was quite a show! Very entertaining, although not in a good way.

Basically, one guy wants to cut entitlements and increase taxes (especially for the rich) to raise the debt ceiling, while the other guy says, “No tax hikes for anyone, no way, no how! Never, ever!” And neither side wants to budge.

Fine, just press the accelerator harder on the floor. When the crash does happen, it’s gonna be spectacular, just like those old films of the 1973 Indianapolis 500. Why not, what else have we got to lose?

http://www.blogicalcomment.com BlogicalJim

Hello, another fantastic and very revealing article for someone based “over the pond.”

In the past you have kindly let me republish your news items and I have taken the liberty of doing so again on my blogsite.

I hope this is ok, if you have any issues then please just leave me a comment and I’ll remove.

Keep up the great work

Michael

Please feel free to republish the articles as often as you would like. I always give others permission to take these articles and republish them. The more people that see these articles the more good they will do.

Another way that people can spread the news is by using the Google “Plus One” button at the top of the article to recommend each article to the public. This is a way that Google has created to help good articles stand out from the crowd.

Michael

Marc

Disgusting stuff, and oh yeah.. those of you commenting on this article, and blaming Obama for this… you’re either idiots or misinformed. This happened during the bank bailouts, which were approved during the Bush II administration.

pauly

Yor an idiot if you think republicrap bad, democrap good.

J.D.

I understand that many are still engaged in thinking in the phony, contrived left-right paradigm, but understand that BOTH parties are run by the banksters and it does not matter who is to blame because the U.S. Presidency, at least for the last 100 years (and more), is nothing more than a puppet office for the elite banking cartels and their attached mega-corporate interests that engage in destroying the free-market so they may benefit.

tom giles

None of this crap could have happened without the influence of one family. The ROTHSCHILDS.

Dave

I don’t see any headline news on this. They don’t want the public to know. Why wasn’t this figure added into the national debt?

Danny

It wasn’t added to the national debt because the government didn’t borrow it from the fed. All government debt is created by issuing bonds or notes.

http://www.xindexer.net/ Xrumer Dude

The plan? To bankrupt this country by raising the debt ceiling and raising it, and then bank(st)ers coming in and buying up our stuff for fake money, and selling that stuff for real money. (Simplified explanation).

Obama is in on the plan. He also knows it’s not popular. He is fully aware that HE will be unpopular to the point of being ousted from a second term. But he doesn’t care. It’s all part of the grand scheme of things – the extensive drama they’re all playing a part of.

BTW I plus-one’d this article.

Michael

Thank you for the Plus One!

For those that don’t know what “Plus One” is, basically it is a way that Google has created for all of us to vote on web pages. When people do a Google search, they will be able to see how many votes a particular page has. So the more votes (“plus ones”) that my articles get, the more people will come and see them.

Michael

Crazy Horse

Bingo.

Lookout guys, this has been a long time in the planning phase and stage 1 was executed with the end of Lehmans.

Stage 2 is going to be much, much worse.

Bankrupt USA will go up for sale at a bargain price and those with the printed money will own EVERYTHING!!!

Why is it that only idiots get into power and stay in power?

Why are only honourable men shot?

Why are we constantly bemused by the rediculous decisions made?

Because we assume they are in power to work for us.
But we all know they are not.

When we admit to and face the cold hard truth that America is corrupt to the core, it all makes sense.

Why not **************************** the arseholes causing this mess????

http://www.goldsmart.co.nz Anita

Wow, scary stuff!

http://www.povertylinejournal.blogspot.com/ the optimist

Okay, I am just a simple farmer. But here is my question. If we do in fact own tons of money to the Fed in interest, why can’t we – the US – just default on it and clear it all out? Well, I mean, I know why it WON’T happen like this, but could it?

What most sheeple inthis country don’t realize is that when our lame-brained politicians (L-BP’s) talk about entitlements they are trying to pull the wool over everyone’s eyes. Social Security and Medicare are not entitlements they are paid for by the money that this guv’mint forced us to pay every pay period. Just because our L-BP’s decided to lump the SS money into the general treasury funds to make the bottom line look better is BS. Like the TV ad about J.G. Wentworth repeats, “It’s our money and we want it now.” These a**hole Congresspersons screwed up our financial system and I am highly incensed that they are stealing MY/OUR money and no one is saying a damn thing about it. WHERE IS THE OUTRAGE????????????

D

OK, so I’m not one of them but I am one of millions who owe student loans!

Crime is good, Honesty is bad. War is peace, Peace is terrorism. Lies are truth and truth is danger.

There is ONE GROUP of people doing MOST of the crime with respect to this economic madness. ONE GROUP who benefit from the wars world wide. ONE GROUP who run the media. The Rothschilds and their ilk.

Chris

Google HR6550

todd

Bernie Sanders is a member of the Senate Banking Comittee. If he exposed $16 Trillion, it probably more like $160 T. back in 2004 teh Fed stopped publically showing the M3 on its website. The M3 tells how much money is in circulaiton. greenspan started all of this he created the housing bubble by making money so cheap to lend to the banks. Housing prices then skyrocketed, and one day, like Jefferson said, you will wake up as slaves on teh very continent your fore fathers conquered. And it will be the private banks that buy up all of your puny assets for pennies on the dollar.

btw, Sanders is qutoed as thinking that the Federal Resrve is an agency of the US govt. in this article. What an idiot.

Danny

On his website, Senator Sanders expressed his outrage over these foreign loans….

“No agency of the United States government should be allowed to bailout a foreign bank or corporation without the direct approval of Congress and the president”

Apparently, even some senators don’t know that the fed is not a government agency

http://www.denverpost.com/business/ci_18533859 Ben Dover

“”If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation,the banks and corporations that will grow up around them (around the banks),
will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered.” – Thomas Jefferson

With all the corruption going on from the bailouts that don’t actually help the average citizen, to politicians who can’t make the right decisions for their constituents. What we need to do is empower ourselves through education, and quickly in-order to stay ahead of the game. One way I found to accelerate my education and I believe will help you also is at this site: http://WheelhouseProductions.net check it out and decide for yourself!

Re-the media
This passage is taken from a respected NY reporter, John Swinton, who was at a party and poured a big bucket of cold water on another guest when he toasted the independent press.

“There is no such thing, at this date of the world’s history, in America, as an independent press. You know it and I know it.

There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone.

The business of the journalists is to destroy the truth, to lie outright, to pervert, to vilify, to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press?

We are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities and our lives are all the property of other men. We are intellectual prostitutes.”
– Journalist John Swinton, 1880.

http://madwriter.livejournal.com Danny Adams

I suppose it would be too much to ask the auditors–and obviously the Fed doesn’t necessarily want to provide this information–about how much money went to what and how much of it has been paid back . . .

Ralph Meyer

The only option is, the re-enactment of Glass-Steagall and a fixed rate credit system as intended by the U.S. constitution and, the pay back of all bailouts by the Fed to wall street and the Banksters.
Bernanke and Geithner should get hard prison time for all this Bailouts, that money should be invested in infrastructure and or economy.

The Real Revolutionhttp://landdestroyer.blogspot.com/2011/02/real-revolution.html
“Boycott the globalists, cut off their support, undermine their system, and they lose their ability to commit these atrocities. That will be a real revolution and it can start today. Not burning cities and masked rebels waving flags, but communities no longer dependent and fueling a corrupt system we all know must come to an end.”

Richard Bee

.. what ?.. You’re surprised ??.. PLEASE !!!!.. the same scumbags that own the Federal Reserve Bank, also own a vast majority of the media.. everything that is provided by Reuters and Associated Press (most of the mainstream news) is censored to the advantage of the Rothschild family, their co-horts, and minions.. if you’re a journalist and you’re unaware of this, you need to some serious ‘not politically correct’ research to get your facts straight.. the greatest conspiracy is that there isn’t any – and this is what is touted by the mainstream media in their worldwide markets day-in and day-out.. Please get a life and report something worthwhile rather than being “surprised”.. You could be writing hard-hitting articles about the true corruption of the media, banking, stock exchanges, and futures markets – all of which disenfranchise and rape the common man to the unspoken advantage of the elite few who own everything..

Luis

“When you become entitled to exercise the right of voting for public officers, let it be impressed on your mind that God commands you to choose for rulers just men who will rule in the fear of God. The preservation of a republican government depends on the faithful discharge of this duty; if the citizens neglect their duty and place unprincipled men in office, the government will soon be corrupted; laws will be made not for the public good so much as for selfish or local purposes; corrupt or incompetent men will be appointed to execute the laws; the public revenues will be squandered on unworthy men; and the rights of the citizens will be violated or disregarded. If a republican government fails to secure public prosperity and happiness, it must be because the citizens neglect the Divine commands and elect bad men to make and administer the laws.” ~ Noah Webster, History of the United States (New Haven: Durrie & Peck, 1832) p.6.

http://www.facebook.com/garydonoliver Gary Don Oliver

The debt ceiling is irrelevant. It was too late when Ronald Reagan left office. Since Reagan, the USA Federal Government has been a member of the, “living dead.” There are no words in the English language to describe this level of sadness.

“In 2011 Dennis Blair, previous director of national intelligence, mentioned that 17 Americans have been killed on U.S. soil by terrorists in the 10 years since 9/11 — 14 of them in the Ft. Hood massacre. Meanwhile, auto accidents, murders and rapes combined have killed an estimated 1.5 million people in the past decade. “What is it that justifies this amount of money on this narrow problem?” WHAT ABOUT THE LIVES OF THE 1.5 MILLION? WHAT IS THE TSA DOING ABOUT THAT?

The only thing Bush proved by invading Iraq was that Sadam was a great leader. Just look at the place then, and compare it to now. Bush and his cronies will go the warmonger way of Hitler and his henchmen. Think of how great the USA and the world would be today if the US never had a military of any kind. All that money could have been used to build a Utopian society. Is the USA run by a secret satanic society? The level of stupidity of the USA leaders over the last nearly 100 years is so incomprehensible, I cannot think of any other explanation for the blatant and widespread insanity. Where does the USA go in the next 20 to 50 years? There is only one course, and it has been played out a thousand times in recorded history. The 50 states will divide up to become separate countries, or groups of states will join together where it is in their benefit. The federal government with their warmongering ways, and all their debt, will go the way of the Romans and their debt. Two long articles are posted on the site: facebook.com/garydonoliver

truthishardtohear

I commend Senator Saunders,but Ron Paul was saying this years ago!!! But if you look at WHEN the Fed took over AND HOW CONVENIENTLY 2 World Wars followed, WE’VE BEEN SCREWED. It’s just now more people are affected, If you haven’t realized by now that the Dems and Repubs are both owned by World Banking Elite (FED RESERVE) and inturn own ALL the mass media, WE HAVE BEEN LIVING IN A FASCIST STATE BEFORE WW2, it’s just that they didn’t need to include the world yet, Amerikkkans are getting what we deserve (well not all of us) but the NWO doesn’t care. They have new slaves now and don’t care if the USA! USA! screaming morons are with them, BUT GUESS WHAT, MOST AMERIKKKANS have been brainwashed so long THAT 80 to 90 PERCENT ( my guess) WILL GLADLY SUPPORT THEIR OWN DESTRUCTION AS LONG AS THAT STUPID FLAG IS IN THEIR EYES.

http://rapunzel1913@yahoo.com Michele

RON PAUL 2012 is our only hope. End the FED. Now.

LoveYourEnemies

So here is the plan. We, the People, print a note for two quadrillion dollars and make the FED and all banks take it as full payment of all global debt owed them. With this payment they will relinquish all claims, encumbrances, liens for all debts public and private on the entire planet. Call it a global “reset button”. They must place the note in a vault under the highest security and be able to produce it on demand. This note will pay off all home mortgages, car loans, business loans and the like and everyone will own all property in their name free and clear. Also all municipal loans, derivative contracts, pension funds and the like will be declared fully funded and solvent. All accounts will be declared paid in full and will be settled immediately. However, no one with a net worth greater than 10 million dollars will be able to buy anything with the proceeds in their settled accounts but must keep their “money” on account perpetually and the interest earned will be distributed to the citizens of the country in which the accounts reside. Think of it as fighting fiat with fiat or as a haircut for the uber rich.

http://www.facebook.com/group.php?gid=318515515322 AgreeToDisagree

Try getting your MP or MP candidate wannabe to pledge the below under a videocam (:

Is this true? There has been so little discussion around it in the mainstream. Surely you Americans would have picked up your pitchforks (and automatic weapons) and charged on Washington after reading this?

The numbers seem so big that it does not seem real. Surely your representatives would have used this information to beat up Obama even more, etc??

http://www.financialParty.ca debtSlave

Take a look at what’s going on in Canada… a one-time-only, $250,000, tax-free, interest-free, non-repayable, personal line-of-credit, that automatically pays off all outstanding interest-bearing consumer and household debt. No more mortgage, loan or credit card payments… BUT no more consumer borrowing either. http://www.financialParty.ca

Glenda the Good Witch

The American ‘Powers that be’ are in charge of this corruption forcing the U.S. to go into depression and become a Third World Country. They have and are constantly creating new laws that bypass the Constitution of the United States for a reason: Treason of the resources and safety of the United States – these are American haters running and ruining our country and much of it comes in the name of GREED. They are counting on One World Government to keep the people down at all corners. Down financially, job wise, safety-wise, etc., etc. to where the people are totally beholden to the One World Government they are trying to put us all into. Sound like the ‘Beast’ of the Bible has arrived with his minions of like-evil-minded servants of destruction, chaos, upheaval and manipulation. Our freedoms are being written out of the books each and every time a new ‘law’ is written into them. Who ever thought we would become so corrupted by a handful of Satan’s puppets? Those who know and understand the Book of Revelations will understand what is happening. Open your eyes and vote for honesty and integrity next time around. Vote Ron Paul! And learn how to protect your very soul from the Beast who now roams the world – and is most powerful against all good. Keep your head on and your heart and mind set toward destroying the evil that is happening in the only way we are allowed to: VOTE = but, you may say, the vote is a joke now as we have the all powerful ‘Chicago Machine’ running and sinking our wonderful sailing ship of freedom. Kick them all out! Vote for term limits and do not be deceived by anyone! We now must learn the hard way what freedom is all about – and we have lost it. It can be regained with the right people who see what the average person does not take the time to look at: Read Revelations and pray for understanding for the times we live in, or we will be destroyed from within, as is the plan.

beijingyank

Neocon gangster mafia. Time to disgorge the gangsters from their ill gotten gains.

I have heard a third hand rumor, more then once, that after President Kennedy had non-FED money printed [Red seal not green], that the FED redistributed the gold from Fort Knox to its member banks. [foreign & domestic] So by the time Reagan was president, he was unable to return the United States to a gold standard. Can anyone confirm this rumor? If true, it means the FED confiscated the gold taken by force from U.S. citizens during the 1930’s.

owen

Just remember this is another private invasion of a foreign corporation.

“The Federal Reserve isn’t Federal at All” Carl Klang

skeptic

Where did the Fed get $16 trillion to loan when the 2006 ANNUAL REPORT TO CONGRESS lists $880 billion in total assets of all 12 FR banks with $820 B being government securities and $783 B in total collateral ? Well, consider the FR bank as being similar to a commercial bank that wants to loan money to a contractor to build a house. The CB uses the fractional reserve program that allows it to give a check to the builder for money it does not have. It is a little known and seldom used practice that the FR banks can also enjoy. The FR banks can apparently create money out of thin air and hope it will be paid back. If it is not paid back, then . . . . .

Glenn Ericksen

I see…..the FED gives this 16 trillion in tax-payer money to these banks in total secret. The banks then secretly take this money to heist the stock market with a huge short covering rally…..they do a “hold-up” of the stock market with this secret money….hence DOW 6700 to 13,200……they make trillions by wiping out investors that took short positions. These savy investors knew the banks had huge losses on their books. They then proceed to defraud investors and defraud tax-payers; then they take a fraction of this money gained by this racketeering and give it the politicians that help support their racketeering activities. Congressmen then help the big banks to cover all of their huge losses from 2009 by passing the suspension of the mark to market accounting laws bank in March 2009. These congressmen then rush to the phone to buy the bank stocks before the public finds out. Corrupt??

Olde Reb

The Supreme court has distinguished government contractors from federal agencies: “A critical element in distinguishing an agency from a contractor is the power of the Federal Government to control the detailed physical performance of the contractor.” United States v Orleans, 425 US 807, 814 (1976). The BOG appears to be totally void of detailed government control and status as an agency may be vulnerable to attack.

The BOG makes responses to FOIA inquiries, such as they are. They had claimed the (12) FR banks were not subject to FOIA requests but that changed in the 2nd circuit. Ref. Fox News Network v BOG of FR, 601 F3d 158 (2010, 2nd Cir). Other circuits may have to fight for bank record access.

The big question is if the FRBNY hides a trillion dollars annually from the Treasury auctions that legally belongs to the government. Ref. http://www.scribd.com/doc/49040689.

CoreyG/Texas

I worked at the FRB, Citi, Capital One, Santander and a few others… it is shocking and wonderful to see a large part of the population waking up and realizing they have been slaves willingly. We post stories like this and many others. Join us and contribute to the conversation.http://www.facebook.com/BankAndPoliticianFinancialCorruption

Tusense96761

The Federal Reserve IS NOT suppose to be using the US. Treasury as if it is their own wallet. They are suppose to only be using it for purposes of the U.S. Economy. They are not suppose to be using it to enrich themselves or their friends. They are suppose to be running our monetary policy. They need to be arrested for illegal stealing from our Treasury for grand theft.